Even returning to yield more than inflation, the most traditional financial investment of Brazilians continues to face the flight of resources. In October, investors withdrew BRL 11.01 billion more than they deposited in their savings account, he said. today (6), in Brasília, the Central Bank (BC). Net withdrawals (withdrawals minus deposits) are the highest for the month since the time series began in 1995.
with the performance of October, savings accumulate a net withdrawal of R$ 102.08 billion in the first ten months of the year. This is also the largest cumulative withdrawal for the period since 1995.
In 2022, the booklet recorded net inflow (more deposits than withdrawals) only in April, when the flow was positive at R$3.51 billion. In the other months, withdrawals exceeded deposits, in a scenario of high inflation and indebtedness. Yields have regained inflation due to increases in the Selic rate (basic interest rates in the economy), but other fixed-income investments are more attractive than savings.
In 2020, savings had a record net inflow (deposits minus withdrawals) of BRL 166.31 billion. The instability in the public securities market at the beginning of the covid-19 pandemic and the payment of emergency aid, deposited in digital savings accounts of Caixa Econômica Federal, contributed to the result.
Last year, savings had registered a net withdrawal of R$ 35.5 billion. The application was pressured by the end of emergency aid, by low incomes and by the greater indebtedness of Brazilians.
The net withdrawal – the difference between withdrawals and deposits – was not higher than that recorded in 2015 (R$ 53.57 billion) and in 2016 (R$ 40.7 billion). In those years, the strong economic crisis led Brazilians to withdraw funds from the application.
Performance
Until recently, savings yielded 70% of the Selic rate (basic interest in the economy). Since December of last year, the investment has started to yield the equivalent of the reference rate (TR) plus 6.17% per year, because the Selic has returned to above 8.5% per year.
Currently, basic interest rates are at 13.75% per annum, which has made the financial application stop losing to inflation for the first time in two years.
In the 12 months ending in October, the investment yielded 7.44%, according to the Central Bank. In the same period, the National Consumer Price Index-15 (IPCA-15), which works as a preview of official inflation, reached 6.85%. The IPCA full of October will be released on the 10th by the Brazilian Institute of Geography and Statistics (IBGE).
